Indian Bonds Fall as RBI to Drain Cash in First Move This Year

India’s sovereign bond yields rose after the central bank announced its first step this year to drain cash from the banking system, as it seeks to push up overnight borrowing...

By Malavika Kaur Makol, Pratigya Vajpayee · Bloomberg Markets

India’s sovereign bond yields rose after the central bank announced its first step this year to drain cash from the banking system, as it seeks to push up overnight borrowing costs to its policy rate.